Retail revamp: Macy's Inc. shares rose 4.3 percent to $20.38 Tuesday after it said it had hired a former eBay executive as president and would restructure its merchandising operations, trimming 100 jobs. Shares closed the week at $21.11.
Stocks recap: Macy's gets boost with restructuring plan
August 26, 2017 at 12:17PM
Kicking tires: Fiat Chrysler rose 7 percent to $13.44 Monday after Chinese SUV maker Great Wall Motors said it is considering making an offer to buy Fiat Chrysler's Jeep unit. Fiat shares closed Friday at $14.85.
Powered up: Sempra Energy rose 1.2 percent to $118 after saying it will buy Texas power-transmission company Oncor for $9.45 billion in cash. The deal snatches Oncor away from Warren Buffett's Berkshire Hathaway, which last month said that it would buy the company for $9 billion. Sempra shares closed the week at $119.03.
Hammered: Lowe's shares dropped 6.3 percent to $71.08 Wednesday the home improvement retailer reported disappointing earnings and forecast a full-year profit that fell below Wall Street's expectations. Shares finished the week at $73.35.
Jammed: J.M. Smucker fell 7.3 percent to $110.12 Thursday after reporting its quarterly results fell short of expectations, citing weaker-than-expected sales for Folgers coffee. The stock finished the week at $105.15.
Dazzling: Signet Jewelers shares jumped 21.7 percent to $63.17 Thursday after it said strong sales of bracelets, rings and necklaces helped it report bigger revenue and profit for the latest quarter than analysts expected. Shares closed Friday at $62.68.
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Health care spending rose by 15%, driven by higher prices. Officials say solutions are needed to prevent Minnesotans from being priced out or delaying care they need.
